When it comes to updating your home’s flooring, hardwood floors are a popular and timeless choice. However, homeowners often face a critical decision “should you install new hardwood floors or refinish the existing ones?” Understanding the costs associated with each option can help you make an informed decision that aligns with both your budget and your home improvement goals. Mike’s Custom Flooring would like to provide a basic breakdown of the costs involved in installing new hardwood floors compared to refinishing existing ones.
Installing New Hardwood Floors
Material Costs – The cost of new hardwood floors largely depends on the type of wood you choose. Common species like oak, maple, or hickory are typically more affordable than exotic woods like Brazilian cherry or mahogany. Keep in mind, prices can vary based on geographical location and the current market.
Installation Costs – Professional installation is going to add to your total costs. This includes labor and supplies like underlayment, fasteners, and adhesives, as well as the complexity of the installation such as patterns and the room’s layout.
Total Cost for New Installation – Considering both materials and installation, the total cost for new hardwood flooring can range significantly but the cost is sure to be more than refinishing.
Refinishing Existing Hardwood Floors
Material Costs – Refinishing involves sanding off the old finish and possibly the top layer of wood, then applying new stain and topcoat. The materials needed for refinishing are relatively inexpensive, depending on the quality of the finishes and stain.
Labor Costs – Labor costs for refinishing hardwood floors can range based on the condition of the floors, the type of finish you select, and regional labor rates.
Total Cost for Refinishing – Overall, refinishing your existing hardwood floors typically costs less than new installation.
Additional Considerations
Condition of Existing Floors – If your existing hardwood floors are severely damaged, warped, or have been refinished multiple times already, refinishing might not be feasible. In such cases, replacement is the better option despite the higher cost.
Home Value Impact – Both installing new floors and refinishing existing ones can increase your home’s value. However, the choice depends on the current condition of your floors and your long-term living plans.
Aesthetic and Design Preferences – Installing new hardwood floors offers more flexibility in terms of wood types, colors, and installation patterns, which might be important for a major redesign or update.
Environmental Impact – Refinishing uses fewer resources than a full replacement, making it a more environmentally friendly option if the existing wood is in decent condition.
Hardwood Floor Installation, Repairs, Refinishing & More in Charles Town & Eastern Panhandle of Berkeley & Jefferson Counties in WV | Winchester & Frederick County | Round Hill & Loudoun County | Berryville & Clarke County | Herndon & Fairfax County VA
Deciding whether to install new hardwood floors or refinish existing ones involves weighing the costs, the condition of your current floors, and your specific needs. While installing new hardwood gives you a fresh start with more design options, refinishing is often more cost-effective and better for the environment if the existing floors are salvageable. Whether you decide to have your hardwood floor replaced or refinished, Mike’s Custom Flooring can help you. Call us to schedule our services today!
